Financiere des Professionnels Fonds d investissement inc. Takes $1.64 Million Position in OneMain Holdings, Inc. $OMF

Financiere des Professionnels Fonds d investissement inc. bought a new position in OneMain Holdings, Inc. (NYSE:OMF) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 30,614 shares of the financial services provider’s stock, valued at approximately $1,638,000.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of OneMain during the 4th quarter worth $100,312,000. Janus Henderson Group PLC grew its position in shares of OneMain by 70.4% in the fourth quarter. Janus Henderson Group PLC now owns 2,534,271 shares of the financial services provider’s stock valued at $171,210,000 after purchasing an additional 1,047,263 shares during the period. Azora Capital LP increased its stake in OneMain by 210.7% in the fourth quarter. Azora Capital LP now owns 1,362,934 shares of the financial services provider’s stock valued at $92,066,000 after purchasing an additional 924,302 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in OneMain by 57.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,965,244 shares of the financial services provider’s stock valued at $110,958,000 after purchasing an additional 713,670 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in OneMain by 47.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,855,709 shares of the financial services provider’s stock worth $125,353,000 after buying an additional 596,455 shares during the period. 85.82% of the stock is currently owned by institutional investors and hedge funds.

OneMain Trading Down 1.6%

Shares of OMF stock opened at $60.30 on Friday. The company’s fifty day simple moving average is $56.79 and its 200-day simple moving average is $58.28. OneMain Holdings, Inc. has a 52 week low of $45.78 and a 52 week high of $71.93. The company has a market cap of $6.97 billion, a PE ratio of 8.97, a P/E/G ratio of 0.46 and a beta of 1.22.

OneMain (NYSE:OMF) last announced its quarterly earnings results on Friday, May 1st. The financial services provider reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.09. OneMain had a net margin of 14.38% and a return on equity of 24.24%. The firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the prior year, the company earned $1.72 EPS. The firm’s revenue was up 6.7% on a year-over-year basis. Equities research analysts expect that OneMain Holdings, Inc. will post 7.19 EPS for the current fiscal year.

OneMain Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 11th were paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date was Monday, May 11th. OneMain’s payout ratio is currently 62.50%.

Insider Transactions at OneMain

In other news, COO Micah R. Conrad sold 5,000 shares of the company’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $62.00, for a total value of $310,000.00. Following the completion of the sale, the chief operating officer owned 96,250 shares of the company’s stock, valued at $5,967,500. This represents a 4.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Michael A. Hedlund sold 1,848 shares of the stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $62.00, for a total value of $114,576.00. Following the completion of the sale, the senior vice president owned 13,127 shares of the company’s stock, valued at approximately $813,874. This trade represents a 12.34% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on OMF shares. Truist Financial decreased their price target on OneMain from $73.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of OneMain in a research note on Friday, July 10th. Barclays decreased their target price on shares of OneMain from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 7th. BTIG Research restated a “neutral” rating on shares of OneMain in a report on Thursday, April 16th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of OneMain in a research report on Tuesday, July 7th. Eight research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, OneMain presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.80.

About OneMain

OneMain Financial (NYSE: OMF) is a leading consumer finance company specializing in unsecured personal loans for middle-income customers. The company offers tailored loan products designed to address a variety of needs, including debt consolidation, home improvement financing, large purchases and emergency expenses. Through a combination of branch-based service and digital channels, OneMain aims to deliver a personalized borrowing experience with flexible repayment options and transparent terms.

Tracing its roots back to the Commercial Credit Company founded in 1912, OneMain has evolved through a series of mergers and corporate transformations.